Amendment No. 7 to CNF Inc. Deferred Compensation Plan for Executives (1998 Restatement)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the CNF Inc. Deferred Compensation Plan for Executives to clarify that certain deferred Value Management Awards from 2005 and 2006, based on elections made in 2002 and 2003, will now be governed by the 2005 Deferred Compensation Plan for Executives instead of the original plan. This change ensures compliance with Section 409A of the Internal Revenue Code. The amendment is executed by CNF Inc. and signed by Eberhard G.H. Schmoller on December 13, 2004.

Read More Arrow
EX-10.26 3 f26494exv10w26.htm EXHIBIT 10.26 exv10w26  

Exhibit 10.26
AMENDMENT NO. 7
TO
CNF INC. DEFERRED COMPENSATION PLAN FOR EXECUTIVES
1998 RESTATEMENT
     The 1998 Restatement of the CNF Inc. Deferred Compensation Plan for Executives (“Plan”), is amended as follows, pursuant to Section 11.2:
     The 2005 and 2006 portions of the Value Management Awards that were subject to deferral elections made in December of 2002 and December of 2003 for cycles that end on December 31, 2005 and December 31, 2006 are subject to Section 409A of the Internal Revenue Code. In order to comply with Section 409A, the following new Section 14.17 is added immediately following Section 14.16:
          14.17 The 2005 and 2006 portions of the Value Management Awards that were subject to deferral elections made in December of 2002 and December of 2003 for cycles that end on December 31, 2005 and December 31, 2006 shall not be governed by this Plan, but shall be governed by the 2005 Deferred Compensation Plan for Executives.
         
                 Company
  CNF INC.                 
 
        
 
  By: /s/ Eberhard G.H. Schmoller  
 
        
 
  Name of Signer: Eberhard G.H. Schmoller  
 
        
 
  Date Signed: December 13, 2004